Wealthscope adds ESG to portfolio analytics capability

Ground-breaking partnership with U.S.-based big data firm unlocks multi-dimensional ESG scoring for retail investors

Wealthscope adds ESG to portfolio analytics capability

Leading portfolio analytics and retirement planning software provider Wealthscope is wading into the ESG data space through an innovative partnership.

The company has partnered with OWL Analytics, a U.S.-based big data firm specializing in ESG research, to incorporate ESG analysis into Wealthscope’s investment analytics services.

With the newly announced relationship, Wealthscope has cemented itself as the first platform in Canada to provide portfolio-level ESG scoring directly to retail investors.

“We are delighted to offer comprehensive ESG ratings in the suite of portfolio analytics we have become known for,” said Wealthscope founder and CEO Dr. Pauline Shum Nolan, PhD. “Our partnership with OWL Analytics allows us to respond to market demands for responsible investing and adds this important dimension to our existing Portfolio Scorecard for a holistic evaluation.”

Supplementing data on portfolio performance, downside risk, fees, income, and diversification, the extensive ESG research by OWL Analytics is integrated seamlessly into the Wealthscope Portfolio Scorecard. Stocks and funds are assigned multi-dimensional ESG scores, and are also ranked in percentiles within their peer categories; the system also tabulates weighted ESG scores at the portfolio level.

With the ESG-enhanced analytics capability of Wealthscope, retail investors are able to conduct on-demand, informed research prior to investing and monitor progress.

“We are excited about our partnership with Wealthscope,” said OWL Analytics President and CEO Benjamin Webster. "By integrating OWL's ESG data into their offering, Wealthscope clients will have powerful tools to assess portfolios on the ESG issues they care about and to quickly identify investments that score better on those issues but also fit seamlessly into overall portfolio design for targeted risk, return, and diversification.”